Virtus (ACV) PM Justin Kass Sells 10,484 Shares

What Happened
Justin Kass, a portfolio manager at Virtus Diversified Income & Convertible Fund (ACV), sold 10,484.07 shares on 2026-08-10 at $27.37 per share, generating proceeds of $286,973. The Form 4 lists the transaction as an open market or private sale; the filing was amended to correct the transaction code from D to S.

Key Details

• Transaction date & price: 2026-08-10, 10,484.07 shares at $27.37 each.
• Total proceeds: $286,973 (approx.).
• Filing: Amended Form 4 (accession 0001240810-26-000009) filed 2026-08-26; amendment corrects code from D to S.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes/plan notes: None reported in the supplied details (no 10b5-1, tax withholding, or gift notation provided).
• Timeliness: Amendment was filed 16 days after the trade; the filing corrects the transaction code (the report supplied is an amended filing).

Context
This is a sale (disposition) rather than a purchase — sales by portfolio managers can reflect routine portfolio or liquidity management and are not by themselves a clear signal of future fund performance. The amendment changes the transaction code but does not change the economic nature of the trade (it remains a sale). Retail investors should note the trade size and amendment but avoid inferring firm-wide or company-specific conclusions from a single insider sale.